I have a situation where both parents have passed away recently and several properties all in my late fathers name. One sibling out of 4 self appointed themselves administrator and is being guarded on paperwork. Only part of the substantial inheritance tax bill has been paid but probably a significant amount. If we do deed of variation where one sibling gets property fully in their name can they sell it and not use money to pay inheritance tax bill ?
Al
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Condolences on your loss.
Difficult for anyone to do anything with the property until a grant of probate (if there is a will) or letters of administration (no will) are granted. Won't be able to sell house without grant of probate/ letters of admin.
The Court will not issue a grant of probate/letters of administration until they receive a stamped receipt from HM Revenue & Customs confirming that the Inheritance Tax has been paid. This receipt is sent as part of the full Inheritance Tax return and is known as a form IHT421.
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